Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday, adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran.
Read more
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
Read more
Flexible working is emerging as a key pillar of Dubai’s drive to build a more agile and sustainable government workforce, as the emirate moves to give employees greater choice in how they work while maintaining productivity and service delivery.
Read more
The Middle East conflict is widening into an increasingly complex security, shipping and environmental crisis, with an oil slick from a grounded tanker reaching Oman's coastline just as Iran signals that it may be prepared to sustain its confrontation with the United States for years.
Read more
Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
Read more
Holcim UAE (earlier Lafarge Emirates Cement) has, in partnership with carbon storage innovator 44.01, achieved a major milestone in industrial decarbonisation with the commissioning of a continuous carbon capture and underground mineralisation pilot at a cement facility in Fujairah.
Global chip giant Nvidia is teaming up with Wall Street's big guns including Apollo, Blackstone and Goldman Sachs to mobilise over $500 billion for AI infrastructure, as part of its ambitious plan to turn AI chips into a new asset class that investors can fund much like real estate or other critical infrastructure.
National Central Cooling Company (Tabreed) has announced robust results for the first half delivering a revenue of AED1.13 billion ($307 million) supported by fixed capacity charges and ongoing capacity expansion. The connected capacity grew 15% to hit 1.58 million refrigeration tonnes (RT).
Al Rajhi Capital and LogiPoint have entered into a deal to establish a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial project in the Saudi port city, at a total investment of SAR5 billion ($1.3 billion).
A consortium led by French utility giant EDF power solutions with members Al Khadra Partners and OQ Alternative Energy (OQAE), has achieved a major milestone with the financial close for the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in the Sultanate of Oman.
Implementing or expanding AI is the top priority for UAE commerce leaders this year, ahead of growing the customer base and adapting to changing buyer behaviours, says a new research from Salesforce, a leading AI CRM company.
Wynn Al Marjan Island today revealed that it has completed its 550-metre beachfront, sheltered lagoon and offshore reef, giving guests a first look at the resort's waterfront experience.
Persistent payment delays and rising default concerns are putting increasing pressure on liquidity and cash flow management in the UAE, says the latest Atradius Payment Practices Barometer.
At least 132 people have been killed and more than 570 injured after a powerful magnitude 7.4 earthquake struck western Colombia, triggering widespread destruction, collapsing buildings and a major rescue operation across parts of the country.
Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes.
Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday, adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran.
Air Arabia reported a 51% decline in first-half net profit to AED 374 million ($102 million), as the Middle East and North Africa’s largest low-cost carrier faced reduced capacity, airspace closures and record-high fuel prices linked to the ongoing regional conflict.
DP World, a leading provider of smart end-to-end logistics solutions, has reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.
Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.
Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, delivered resilient underlying financial performance in H1 2026 with the total revenue increasing 4.4% YoY to AED2,794 million ($760.79 million), supported by patient visits exceeding 3.7 million, up 9.9% YoY.
American Concrete Institute (ACI) said its centre of excellence, NEU, has launched its second low-carbon certificate programme, 'Fundamentals, Materials, and Innovations'. It is a complement to NEU’s first certificate, 'Low-Carbon Concrete: Qualification, Design, and Compliance'.
Implementing or expanding AI is the top priority for UAE commerce leaders this year, ahead of growing the customer base and adapting to changing buyer behaviours, says a new research from Salesforce, a leading AI CRM company.
GFH Bank has reported a net profit attributable to shareholders of $76.20 million for the first six months of the year compared with $67.24 million in the same period of 2025, an increase of 13.33%.
AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies to advance autonomous AI across enterprise and government environments.
Space42, the UAE-based AI-powered SpaceTech company, and Autonomous A2Z (A2Z), South Korea's leading autonomous driving company, have signed a commercial agreement valued at $7 million to deploy Level-4 mobility solutions in the UAE.
PUBG MOBILE, one of the world's most popular mobile games, today announced a new collaboration between its World of Wonder (WOW) platform and UGC games studio Do Big Studios, introducing an all-new experience created exclusively for WOW.
The 2026 – 2027 Riyadh Racing Season will offer a total of SAR236.3 million ($62.95 million) in prize money across 50 race days over six months, the Jockey Club of Saudi Arabia (JCSA) has announced. Out of this, SAR197.8 million will go towards Major Cups.
